Cambodia & France Ink Six Pivotal MOUs for Economic Advancement
In a groundbreaking move set to elevate economic collaboration between Cambodia and France, six crucial Memorandums of Understanding (MOUs) were recently signed, heralding a new era of strategic partnership. The signing ceremony unfolded under the esteemed presidency of Samdech Hun Manet, Prime Minister of Cambodia, during his official visit to Paris from 13 to 19 […]
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Cambodia’s Construction Material Imports Surpass US$1.3bn in 2023
Cambodia’s construction sector continues its upward trajectory as the nation imported construction materials worth a notable US$1.33 billion in 2023, marking a modest increase from the previous year. The report released by the General Department of Customs and Excise reveals a 0.33% uptick in the import value of construction materials compared to the 2022 figure […]
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Thailand to Forge Alliance with Cambodia to Confront Transboundary Haze Menace
In a groundbreaking move, Thailand Prime Minister Srettha Thavisin announced an unprecedented collaboration with Cambodia to combat the persistent issue of transboundary haze pollution. The joint initiative revealed ahead of a pivotal meeting with Cambodian Prime Minister Hun Manet on 7 February, signals a united front against the detrimental impacts of cross-border haze pollution, according […]
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Mondulkiri Provincial Referral Hospital Unveils US$90k Ophthalmology Building
A significant milestone in healthcare was celebrated with the official inauguration of the ophthalmology building at Mondulkiri Provincial Referral Hospital, valued at nearly US$90,000. The momentous occasion took place during a ceremony presided over by HE Dr Ly Chhuong, Secretary of State of the Ministry of Health, on 15 January 2024. Dr Tuy Sros, the […]
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EU To Grant €86m Boost for Cambodia’s Transformative Programs
The European Union (EU), under the Global Gateway framework, is set to inject approximately US$94 million (€86 million) in grant funding to Cambodia. The Ministry of Economy and Finance, in its press release dated 15 January 2024, revealed the EU’s commitment to support Cambodia’s progress through four pivotal programs. During a meeting with HE Dr. […]
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Strategic Realignment: CBRE Cambodia Director Urges Developers to Reshape Approach for 2024
Marc Townsend, CEO of CBRE Cambodia, delivered a thought-provoking message at the “Fearless Forecast 2024” workshop, challenging real estate developers to shift their focus from new projects to optimising existing inventory. Speaking at the Oakwood Premier Hotel in Phnom Penh, Townsend emphasised the need for a strategic reorganisation of products and services to align with […]
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Gov’t Unveils Five New Features in IT Nursery System
The Cambodian government has introduced five new functionalities to the Information Technology Nursery Business Registration System. This landmark decision, announced through a joint press release on 15 January 2024, aims to streamline online company registration processes and foster a more efficient business environment. Effective from 15 January 2024, the five new functions integrated into the […]
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Global Hospitality Firm, Banyan Group, Sets Ambitious 2024 Entry into to Cambodian Market
Banyan Group, a hospitality juggernaut managing 12 global brands, has unveiled its monumental expansion plans for 2024, reinforcing its commitment to diverse and unparalleled luxury experiences across 22 countries, according to Travelbizmonitor on 13 January 2024. In an audacious move, Banyan Group is set to introduce 19 new properties and residences in Cambodia, China, Japan, […]
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MLMUPC Mandates Licensed Engineers for Project Approvals
In a bid to reinforce the standards of construction projects across Cambodia, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) issued a crucial announcement on 11 January 2024. According to Article 15 and Article 32 of the Law on Construction, the MLMUPC asserts that all design projects utilised for construction or demolition purposes […]
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JCA: Attracting Even 0.1% of Japanese SMEs Means 4,000 Companies Investing in Cambodia
The Japan-Cambodia Association (JCA) is gearing up to establish its presence in Cambodia, aiming to attract Japanese investors and promote Cambodia’s investment potential among Japan’s vast network of around 4 million small and medium enterprises (SMEs). HE Takahashi Fumiaki, President of the Japan-Cambodia Association, revealed this plan during a recent meeting with Samdech Techo Hun […]
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Crafting Cambodia’s Real Estate Legacy: A Time to Build & Uphold Reputations
In the dynamic landscape of Cambodia’s real estate, developers are presented with a pivotal moment – a juncture where reputations can be forged or lost for generations to come. The ongoing market fluctuations, characterised by unchanged prices and a substantial 40% drop in secondary sale values, provide a unique opportunity for strategic decision-making, according to […]
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India’s burgeoning electric vehicle landscape, aiming to […]
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